Cape Coral Properties Most Sought After by International Buyers
According to the latest Trulia.com statistics, Florida remains the hottest spot for savvy international investors, and Cape Coral properties come in as the number one choice for buyers.
Who's Buying Cape Coral?
According to the Lee County Visitor Bureau, there are a large number of repeat visitors coming to Lee County from Canada, the United Kingdom, Germany, Austria and Switzerland. All together, close to 500,000 international visitors arrived here last year, and this year is expected to be no different. International visitors aren't just here for a family vacation either. Here are the statistics on who's buying Cape Coral:
According to the Florida Association of Realtors early 2011 survey:
- 51% of foreign buyers purchased single family homes
- 37% invested in condos
80% of foreign investors paid cash for their Cape Coral property
Why Are International Investors Buying Cape Coral Properties?
Florida, and especially Cape Coral, is a point of interest with investors. What makes our area so sought after with international buyers? The drop in property prices is certainly one shining factor that makes Cape Coral so attractive, but when speaking directly to investors, they see the Cape Coral housing market as a way to purchase security for the future.
Cape Coral, with over 400 miles of navigable waterways, a community and family environment, and no real impoverished neighborhoods, is the perfect place for investors of all types. For those coming to live permanently with their families or retire, Cape Coral offers safe neighborhoods, top schools, and plenty of community activities. Those interested in starting a business will benefit greatly by relocating to the area. Florida ranks as one of the top 5 business friendly states in the nation and number 1 among southern states.
Foreign investors see these statistics, along with the fact that foreclosure rates have diminished and home sales are on the rise. When this happens, an increase in home values will follow, which means that our Cape Coral housing market is set to change from a buyer's market to a sellers. When will this happen? Economists predictions are seeing this taking place anywhere between 12 - 24 months.
Bottom line here? It just makes good sense to purchase Cape Coral property. When you consider housing prices, our tropical climate, the availability of waterfront and luxury homes, and our business friendly environment, you've got the perfect combination. It doesn't get any better than Cape Coral, Florida.
Whether you are a visitor to the area looking for an investment property or a seller who'd like to make your home available to international buyers, give us a call today. We are experienced and knowledgeable when it comes to international sales. There's no better time than now.
By David Sporleder | Sporleder-Ray Realty Group | firstname.lastname@example.org| Google+